D
Deleted member 16999
Guest
If you retire in your 50's and receive a private pension and have no intention of working, do you still have to "sign on" to get your stamp paid? Any help appreciatted.
Fyldewhite
Tour Winner
I think you would only get credits if you are sick or unemployed and available for work as I understand it so you wouldn't qualify for any NIC in those circumstances. You only need 30 years contributions for a full pension though so if you have these already there wouldn't be any point. If not then you may be able to top-up with voluntary contributions. There's lots of info online...... eg https://www.gov.uk/state-pension/eligibility
Stamp paid? Come on Paul, us young uns need a translation into modern language. I suppose I could always email Beamish............
Doon frae Troon
Ryder Cup Winner
bobmac
Major Champion
You’ll need 35 qualifying years to get the full new State Pension.
Fyldewhite
Tour Winner
Sorry Bob, I was just looking at the link I quoted. It says 30 there....what are you basing 35 on?
bobmac
Major Champion
The pension is changing soon and you need 35 years to qualify for it
https://www.gov.uk/new-state-pension/your-national-insurance-record-and-your-state-pension
Fyldewhite
Tour Winner
Yes, the new state pension is in from 2016. The new rules (including the 35 years NIC) only wholly apply to new claims (ie to people born after 2000). The key bit is "You’ll need 35 qualifying years to get the new full State Pension if you don’t have a National Insurance record before 6 April 2016"......... If you do then it's a combination of the old rules with additions for any contributions past 2016 as far as I can see. Read the "How it's calculated" page. I think OP needs to check as it's a bit woolly but I think he will be OK.....assuming he's got 30 years.
Either way, I don't think he will be able to get "free credits" and would have to pay for extra years if they are required......ie no signing on.
SatchFan
Q-School Graduate
Paul, you can check your NI contribution record online. I did mine a few years ago and you need to go through www.gov.uk to do it. You will need to register for the service and they will send you a passcode through the post. If I can remember the exact details I will post again.
bobmac
Major Champion
We're safe then lol
D
Deleted member 16999
Guest
Cheers Matey, been in full employment since I was 16, but apparently NI starts at 19 (18th Tax year) so either way I think I'm OK, confusion came about when i went into Job Centre to enquire was told I would have to sign on to get "stamp" paid, when I told the bloke I had no intention of working he said I would need to attend back to work courses and if I didn't they would stop paying my Stamp!!
D
Deleted member 16999
Guest
Having a look now cheers!
Doon frae Troon
Ryder Cup Winner
I took early retirement at 50 with a deal I could not refuse.
Never gave the state pension a thought as I assumed I would only get pennies.
Worked for another 9 years on seasonal/part time/hobby jobs so as not to drain my pot.
Was really surprised to learn that I was only a couple of years off a full state pension. [I started working f/t aged 15]
I paid up for the two years and a very pleasant surprise.
Also learned that my wife had qualified for the child rearing years when she did not work [about 10 years]
Happy couple!
Never gave the state pension a thought as I assumed I would only get pennies.
Worked for another 9 years on seasonal/part time/hobby jobs so as not to drain my pot.
Was really surprised to learn that I was only a couple of years off a full state pension. [I started working f/t aged 15]
I paid up for the two years and a very pleasant surprise.
Also learned that my wife had qualified for the child rearing years when she did not work [about 10 years]
Happy couple!
Tashyboy
Please don’t ask to see my tatts 👍
Did an on line assessment re state pension and they send you through, quite some time later a list of all the contributions that you have paid over the years and if you have paid enough, to much or not enough.
if you have paid more than 35 years you may well get a bonus on top each week. That is also in said calculations.
futhermore, if you have not paid enough then you can pay a "top up " lump sum.
Also read within last few weeks that the government is doing a scheme where you can even more of a lump sum to give you extra every week.
if you have paid more than 35 years you may well get a bonus on top each week. That is also in said calculations.
futhermore, if you have not paid enough then you can pay a "top up " lump sum.
Also read within last few weeks that the government is doing a scheme where you can even more of a lump sum to give you extra every week.
